Csf Group Share Discussion Threads

[serge gnabry] 13/9/2013 10:42

picked some up look too cheap imo especially as south east asia are growing markets for data centers imo

[j777j] 13/9/2013 10:29

Who can ever really tell with a market maker stock?



You are buying cash at 50p in the pound,with the rest of the growing business in for nothing.


Sounds like good business to me.I remain a buyer.

[2vdm] 13/9/2013 08:42

I wonder if we will see our mystery dumper about now? let's hope he/she stays away in the run up to the AGM

[j777j] 13/9/2013 08:30

The boys are back in town.

[j777j] 12/9/2013 22:31

I don't think it is shorters at 50% below cash.
Maybe some delayed sells.
Still I remain a buyer until the teens.

[it_trader] 12/9/2013 20:40

I'm not opposed to the odd short myself when a company gets overvalued but a short here would be foolish. There's just to many assets, and anybody selling would have done so already.I also can't understand why bigger holders would be trying to sell at these levels now. It's being held back to fulfil big buy orders if anything. IMO.

[johnv] 12/9/2013 20:15

Such a small market cap, can you find anybody to take on a short.

[it_trader] 12/9/2013 18:27

A bit risky shorting at this level I'd have thought. Also why do we think the chunky transactions are sells?

[knowing] 12/9/2013 16:23

Is it a seller or shorters?

[j777j] 12/9/2013 16:06

Hopefully the seller has/will clear then we should move smartly higher.

[2vdm] 12/9/2013 15:56

Bit of a shame that somebody appears to be off-loading in 100/200k chunks against us smaller buyers. Let's hope they are proved wrong.

[jhan66] 12/9/2013 15:56

This report is only a month old. It's still supporting the view of strong growth anticipated in the top tier data centre market.
I've avoided the sector for too long now and am actively searching for a good value debt-free data centre group. CSF might suit me.



Dell'Oro Group is forecasting that, within the larger Ethernet switch market, revenues for 40 Gigabit Ethernet and 100 Gigabit Ethernet will exceed $4 billion by 2017.

According to the firm's latest research, the L2-3 Ethernet Switch market is forecast to approach $25B in 2017, with future growth to be driven primarily by sales of higher speed Ethernet switches optimized for larger data center deployments, as the core of the data center quickly migrates to 40 Gigabit and 100 Gigabit Ethernet.

"The data center will be the site of almost all revenue growth during the forecast horizon, as the cloud forever changes how networks are built," comments Alan Weckel, vice president at Dell'Oro Group. "In general, we are moving toward a period of data center consolidation, where there will be fewer, larger data centers and the ownership of data center equipment will change."

[2vdm] 12/9/2013 15:03

Great to see some interest at last and perhaps we'll get some news either before or at the AGM on 25th September. Given only the money in the bank, this is still very undervalued. In the medium/longer term, they appear to have positioned themselves geographically in the right place and at the right time, with first rate facilities to service the expanding market. However, I would like to hear more about sales/contract asap, which will be the main driver here.

[aishah] 12/9/2013 14:20

Why aren't directors/insiders buying?

[j777j] 12/9/2013 14:01

A tech perspective courtesy lse ....




Today 09:11

goldenboy2

this is looking very interesting


i can see a rise here very soon 20 day ma just about to go so have bought more today GL all

[j777j] 12/9/2013 13:49

Some volume picking up.

[j777j] 12/9/2013 10:30

In that case they will have to bid soon.Without the bad debt write off the co was profitable.
This was a kitchen sink job.

There is no doubt about the continued explosive growth of data.

[johnv] 12/9/2013 10:25

The trouble is any bidder will rather paid 10p per share than 55p. Im watching these just in case things start to happen, then Im in. AGM will hopefully tell us something.

[j777j] 12/9/2013 09:11

The former Ceo that resigned due to ill health holds 27% of the co.My guess is these get sold on to a bidder for the entire co.


The co was originally floated on Aim at 55p a share,so make you own mind up as to the possible take out price.


Certainly much higher than 8p.


A substantial portion of the cash raised at the Group's Initial Public Offering (GBP25m net) to develop CX5 remains in the Group's bank accounts which stands at RM61.9m (GBP13.2m*) at the year end. In addition, the Group has approximately RM77.8m (GBP16.6m*) tied up as working capital for the development of CX5 which will be collected over the next two financial years in line with the completion of the sale Blocks B and C in the last quarter of .
financial year 2014 and the first half of financial 2015, respectively




That is 20p cash right there.


Then you have the recurring revenues side which is showing very healthy growth.


Rental and maintenance revenue increased 35.3% at RM111.5m (GBP23.7m*) (FY2012: RM82.4m (GBP17.5m*))


One times revenues plus 20p cash is 40p a share.


Telecity trades at six times revenues.


Food for thought.

[j777j] 05/9/2013 11:52

Notice of AGM

CSF Group plc announces that the 4th Annual General Meeting of the Company will be held at CSF Computer Exchange 5 (CX5), Jalan Cyber Point 2, Cyber 12, 63000, Cyberjaya, Selangor Darul Ehsan, Malaysia on Wednesday, 25 September, 2013 at 3.00p.m. (Malaysian Time).




Hopefully we will get some sort of update.

[it_trader] 03/9/2013 09:49

Cracking find J777J!

[j777j] 02/9/2013 14:50

Hardly sounds like a company on its knees.....


hxxp://www.technosociety.com/?p=1464



CSF Group – creating a data center paradise on earth in Malaysia and the region


During our trip to Kuala Lumpur we had a chance to visit Cyberjaya, the Silicon Valley of Malaysia. We have witnessed the enormity of the thriving ICT technology cluster crowded with buildings, in particular data centers.

Among these thriving technology clusters, there stand spacious data centers which bears the proud emblem of CSF Group of Companies ('CSF Group'). Over half of CSF Group's data centers (with more than half a million square feet footprint) are located in Cyberjaya. We had been given the opportunity to visit the latest CSF Group's data centers, CSF Computer Exchange 5 (CX5) and managed to have an in-depth conversation with them.

CSF Group's Computer Exchange 5 (CX5) was launched in 2012 with the space of 580,000 sq.ft . It is the first data center to be awarded the Green Building Index (GBI) provisional Certification and is Tier III Design Certified Data Center by Uptime Institute in Malaysia.

CX5 has 24/7 monitoring system, and uses Man Trap with multiple

levels of access such as BioMetrics, Card Access & Key Pin system for data center entry. Each floor of the CX5 Data Center area has 16,750 sq. ft.

(1555 m ) of white space and has a N+1 system ready for operations. The facility is able to scale to a 2N system if required.

The 1st floor of CX5 is specially designed to be higher than other floors with floor to ceiling height of 5.8m, to accommodate 68U racks for international providers who require higher density of racks. The rest of the floors has a 4.8 meter height and all floors have loading capacity of 15KN. Moreover, it is equipped with "Multiple Redundancy Systems" such as redundant water pumps, redundant cooling system, modular system redundant, electrical infrastructure, chiller system, 72 hours of diesel resources on site, etc.

CSF's data centers offer White Space to its customers. Customers can also fully customize their space according to their requirements. The space can also be separated for customers in to multiple suits for small scale operations. CSF's data centers do not use a gas extinguishing system. Instead they use the latest water mist technology to protect its facility against fire, as well as standard firefighting systems such as smoke & heat detectors to protect equipment and data in the event of an emergency eliminating the risk of data loss. CX5 is the 1st Data Centre to be award GBI: Certified by GBI Sdn Bhd, the current governing green standard in Malaysia.

A Long-Tailed Story of CSF Group

After the CX5 data center tour, we had the opportunity to meet and speak to CSF Group's Executive Vice President of Sales & Operations, Damian Yeoh to share about the company. "CSF Group is principally engaged in the business of providing a full range of services associated with data centers, namely the design and development of data centers including project management, fit-out and integration of the equipment within data center facilities and other computer rooms, and data center tenancy solutions."

Since 1991, the Group has undertaken contract works to build and fit-out over 200 data centers and computer support facilities in Malaysia with some installations in Indonesia, China, and Vietnam. Our clients include government-linked organizations, financial institutions, companies in the telecommunications industry and the oil and gas industry. In 2003, the Group completed the development of its own high-end commercial Data Center in Cyberjaya, Malaysia (central region), known as CSF Computer Exchange 1 (CX1). Capitalizing on the success of CX1, the Group completed the development of a much larger Data Center known as CSF Computer Exchange 2 (CX2) in January 2009. CX2 is located within a short distance from CX1 and is the second largest high-end commercial Data Center in South East Asia. The Group has also completed the development of a small data center facility housed on a single floor within an office building in Johor, Malaysia (southern region) which is the CX3.

In January 2012, the Group completed the development of the new data center located also in Cyberjaya, known as CSF Computer Exchange 5 (CX5). The new addition (CX5) , is a carrier-neutral high end purpose built data center and is the first commercial green data center and the largest of its kind in Southeast Asia. The Group aims to become one of the largest Data Center Infrastructure service providers in Asia. With the current workforce of 200 under its umbrella, the Group has already begun to expand its business to Vietnam, Thailand and Indonesia and intends to move into Indochine region within the medium term. High-end commercial data centers are relatively scarce in the aforementioned countries and the Group intends to replicate its success in these countries.

The clients of the Group comprise of companies involved in various industries including banking, insurance, automotive, food and beverage, travel, manufacturing and information technology.

Big Player, Big Space, Big Plan

Yeoh explained to us about Malaysia's data center industry and CSF's capacity, "Currently there are approximately 1.42 million sq.ft. of space in Malaysia of which 18% belong to CSF Group. CSF shares 11.6% of Malaysian market share (total products and services). Headquartered in Cyberjaya, Selangor, Malaysia, the Group currently operates 4 independent data centers in Malaysia and continues to carry out fit-out and integration works at the data centers and computer rooms of its clients, including ongoing maintenance of these facilities."

Presently, the Group core focuses are:

• Rental of data center space;

• Profit share from outsourced services;

• Project Management, Contracting, supply and fit-out of data center infrastructure and other computer support facilities; and Provision of Maintenance services;

He continued, "CSF is both a wholesaler and carrier neutral provider. They can work with any telcos, co-location providers, or telecom housing companies. CSF is the largest data center wholesaler in Malaysia."

CSF Group has a total revenue of 208 million RM (65 million USD ) in 2012 which has increased for 94.6 million RM or 83.5% from 2011.


Future's Bright, Future's CSF

Yeoh firmly spoke about CSF's remarkable plan, "CSF Computer Exchange 5 was certified by Uptime Institute for A Tier 3 Data Center as of April 27th 2013. CSF Group is also a Committee member of MDCA or Malaysia Data Center Alliance which most members are data center operators in Malaysia. MDCA's main objective is to have a single voice to represent the industry for lowering the cost of electricity; bandwidth & DC related services. Moreover, considering from abundant data center players in Malaysia, the Malaysian government supported them by making Cyberjaya the "Regional Hub". The government also attempted to reduce monopolized barrier by telecommunication companies in Malaysia.

From the bright future of data center market in Malaysia, CSF plan to expand to 3 more locations: 1) Kuala Lumpur City Center 2) Nusajaya, Johor and 3) Southeast Sarawak. The total space of these locations is approximately 120,000 sq.ft. CSF Group also plans to expand to Bangkok, Ho Chi Minh, Taiwan, Hong Kong, and China. With the 3 certain locations, we plan to generate USD10 million from the future expansion.

Yeoh finally concluded, "Data center business in Malaysia has been booming recently. CSF Group has held 18% which is the highest market share in Malaysian market. In other words, we are the biggest player in Malaysia. In the next 2-3 years our market share will be even more sizeable. As Malaysian and regional markets grow in particular for AEC, CSF will have bright future and we will grow together with them."

[2vdm] 28/8/2013 17:01

I know there have been problems, but this is still very undervalued imo.

[j777j] 28/8/2013 11:52

Few nibbles this am.

Trading for less than cash in bank,with the rest of the business in for nothing.